EATON — During Eaton City Council’s meeting on Monday, Feb. 17, Finance Director Stephanie Hurd presented her annual report.
In 2019, general and public safety revenues increased by $578,000, including a municipal court grant in the amount of $198,000 and public safety grant in the amount of $45,000. Without the $244,000, revenue still increased by $334,000. That is a 6.3 percent increase, without the grant funds, according to Hurd.
Income tax is still the largest portion of the general and public safety revenue, providing 55 percent of the funds. Other revenue types include: fire/ambulance, property tax, court/fines, intergovernmental, other,interest, police, and building.
According to Hurd, income tax revenues for 2019 were $3.2 million, which is an increase of $141,000 over the previous year, or a 4.6 percent increase. Property tax revenue increased 3.1 percent, which was $16,000 more than the previous year. Intergovernmental revenue increased significantly, due to the previously mentioned grant funds. Without those grant funds, intergovernmental revenue still increased by $30,000. Local government funds increased by 21 percent, or $19,000.
Court costs were down for the year, showing a five percent decrease from 2018. Building department revenue increased by 10 percent, which is $7,500 for the year. Ambulance removal fees saw a decent increase of 23 percent.
In 2019, general and public safety expenditures decreased by $43,000, which is a decrease of one percent. Police is the largest expenditure at 30 percent, with administration following at 20 percent. Other expenditure types include: fire, squad, court, building, transfer to other funds,dispatch, and public maintenance/traffic lights.
According to Hurd, in 2019, the City of Eaton saw an increase in revenue and a decrease in expenditures. That resolved in the increase in the fund balance from 2018 to 2019. The general and public safety fund balance increased by $597,000. The City of Eaton ended the year with $2,325,000. Of this increase, there are unspent grant funds, Hurd reported.
